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361-380 of 3100
Two thing keep cosco behide running.
Fund manager , broker no Buying this ship
1.) A lots contract on hand but low profits
cosco CFO/CEO need to show Q3 Good results 30 %-50 % profits UP compare to Q3 2012.
2.) China COSCO Holdings China Ocean Shipping high rents boats Corruption Probe chain ( cosco corp singapore bro company )
Loss after years of internal corruption continue to be lifted, however, is tip of the iceberg, which is China Ocean Shipping (Group) Corporation (hereinafter referred to as COSCO Group) - 2007 was the world's largest fleet, but then pay the price painful price of Chinese state-owned enterprises.
China COSCO Holdings Company Limited (601919.SH/01919.HK, hereinafter referred to as Cosco) released the evening of 29 August 2013 first-half results, China COSCO Holdings first half net loss attributable to the parent about 9.9 billion loss narrowed 80% year on year the second quarter alone, share 10 billion, one hundred million yuan the first quarter -19.9 profitability.
Ship rentals day quotes, anytime fluctuations. With a load 170,000 tons of large Capesize dry bulk carrier, for example, daily rent from $ 10,000 to $ 100,000 fluctuations. In the shipping market is good, with a boat rental business is not sensitive to a few hundred dollars higher than the market price quoted or thousands of dollars a year, received a lot of money down.
One person to the new fiscal COSCO Group reporter, salesman ship needs based on finding the right vessel, and audit data of the vessel, after the inquiry, quotation, bargaining between the two sides to determine the price and terms of the proposed contract, the final results from the charter Director confirmed that large contract by the Transport Department Manager and even corporate leaders decisions.
A COSCO official said, not just charter, any cost control units have this problem, such as the ship's claims insurance, ship repairing, set spare parts, fuel and other areas, there are a lot of drainage, profit-sharing and other acts, in the end What is a reasonable commercial behavior, which is corrupt, if not a complete set of professional restraint mechanism is difficult to judge.
Control or competition
Cosco high rental contract the amount of days, not a simple misjudgment, " It was on the issue of COSCO in chartering a strong psychological speculation." With shipping company executives said.
" In 2007, COSCO hope in the market come in a large number of cheap hourly boats, and other markets higher, the COSCO sub-leased to other companies, in the middle to make the difference. This idea itself is a problem," he said, " This is small fleet approach. Cosco is so big, do not do the main business, but to fry boat, too risky. "
As the proportion of chartered vessels, industry sources should be based on the market share of the hands to grasp and contract at any time to adjust, if the rent come in a large scale, the market goes down, should be immediately drained away.
Lack of internal mechanisms of checks and balances
COSCO Group has " vast blue sky" five main branches, of which
2011, Qingdao Ocean Shipping Co., Ltd. (hereinafter referred to as COSCO Qingdao) Song former deputy general manager accused of embezzlement, bribery and three counts of obstruction of evidence, involving 37 sets of real estate, and more than 700 million U.S. dollars in ill-gotten gains 2012, Guangzhou Ocean Shipping Company (hereinafter referred to as Guangzhou Ocean), former general manager Xuhui Xing accused of taking bribes of more than 240 million.
CEO needs to clarify on this. Issues
ronleech ( Date: 19-Sep-2013 09:27) Posted:
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no tapering.....usd tsunami continues....
better get on board a ship....to stay dry...
:)
yes bro...
i also added yesterday...today should move up already..
YZJ already chionging before market open top volume done..
cosco wont be far behind....HUAT AH
Winson ( Date: 19-Sep-2013 08:05) Posted:
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muifan ( Date: 19-Sep-2013 08:04) Posted:
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Huat ah
muifan ( Date: 19-Sep-2013 07:24) Posted:
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muifan ( Date: 19-Sep-2013 07:24) Posted:
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New123 ( Date: 18-Sep-2013 23:10) Posted:
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Agreement for Constructon of New Platforms Signed in Porto Alegre, Brazil
Posted on Sep 18th, 2013
The agreement for the construction of platforms P-75 and P-77 was signed on Monday (Sept. 16), at Palácio Piratini, in Porto Alegre, with the RIG Consortium, which is formed by Queiroz Galvão, Camargo Correa, and IESA. The ceremony was attended by the President of Brazil, Dilma Rousseff, and our CEO, Graça Foster.
The President remarked that ten years ago nobody believed that Brazil could have a naval hub. â??Rio Grande do Sul now has a naval hub that shows the ability and strength of a policy that decided it was indeed possible to produce in Brazil,â?? said Rousseff, highlighting the importance of the growth of the Brazilian oil and gas industry supplier chain.
In her address, Graça said that in 2013 we will conclude eight platforms that will help us achieve the goal of doubling production by 2020. â??We have 90% contracted in order to be able, in 2020, to double what we produce today, in other words, to reach 4.2 million barrels,â?? she said. She also praised the Brazilian shipbuilding industry: â??The learning curve is spectacular. We are very near becoming one of the greatest centers of excellence in the world again.â??
FPSOs P-75 and P-77
FPSOs (platforms that produce, store and offload oil) P-75 and P-77, with production capacities of 150,000 barrels per day each, will be deployed in Transfer of Rights blocks, in the Santos Basin pre-salt layer, along with two other similar units, the P-74 and P-76. The RIG Consortium will be in charge of building the modules of and integrating both platforms. The work will be done at the Honório Bicalho shipyard, in Rio Grande.
The vessels intended to have their hulls converted to the P-75 and P-77 are at the Cosco Shipyard, in China, undergoing hull preparation services, and are expected to arrive in Rio de Janeiro (RJ) in the second half of 2014, where the conversion works will be performed at the Inhaúma Shipyard. Upon the completion of this step, the hulls will go to Rio Grande. The P-75 is slated to arrive in Rio Grande in the second half of 2015, while the P-77 in the first half of 2016. The works are expected to create approximately 4,400 direct and indirect jobs at the peak of activities. The contractual domestic cocontent is foreseen to be 65% to 71%.
Some pppl may switch to buy Sembcorp Industries .Keppel Corp . Sembcorp Marine
they all gov company higher divided and safe stocks they call bule chip .
Keppel Shipyard Ltd (Keppel Shipyard) has secured two Floating Production Storage and Offloading (FPSO) conversion contracts from repeat customers worth a combined value of S$190 million (approx. USD 150.8 million). These contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Limited (M3nergy Offshore
Oil & Gas Services
Chinese shipbuilders may continue to see downgrades. For Chinese
shipbuilders, we continue to see risks in declining shipbuilding margins as newer
orders with lower margins are executed. Shipyards without operating leverage and
sufficient orderbooks to fill their capacity will see steep erosion in their margins. In our
view, Yangzijiang Shipbuilding (YZJ SP, BUY, TP: SGD1.31) is the strongest
Chinese yard given its robust balance sheet and strong project execution. However,
its share price is likely to be weighed down by the weak sector outlook.
Figure 27: Yangzijiang�??s consensus FY13 EPS Figure 28: Cosco Corp�??s consensus FY13 EPS
checks this web link below from osk dmg post is good
http://www.remisiers.org/cms_images/research/Sep16-Sep20_2013/0918_OSK_OilGas.pdf
OSK DMG Recommendation Buy : Sembcorp Industries�?? .Keppel Corp . Sembcorp Marine
We upgrade Keppel Corp (KEP) from Neutral to BUY with a higher SOPbased
TP of SGD12.24. Easing competition from Chinese yards due to
tighter credit, cuts in shipyard capacity and full orders at the Dalian
yard will boost KEP�??s pricing power. We also believe its new FLNG,
Arctic jackup and drillship products have significant order potential and
its stock may rerate once orders are confirmed.
�?� SGD14.2bn-strong net orderbook. Keppel�??s operations and
maintenance (O& M) division has secured SGD4.1bn worth of new orders
YTD, primarily driven by orders for 10 jackup rigs. Its net orderbook of
SGD14.2bn provides strong visibility for the next two years. That said,
this orderbook value already makes up 80%/54% of our O& M revenue
estimates for FY14/15F.
�?�
We upgrade Sembcorp Marine (SMM SP)SMM from Neutral to BUY with a higher TP of SGD5.60.
Although a laggard, with its share price returning -4.4% YTD vs the
STI�??s -1.9%, we see upside, fuelled by stronger-than-expected order
wins and easing competition - as commercial ship orders recover and
China tightens shipyard credit - as well as stronger earnings going into
FY14. Our new TP values SMM at a 18.6x FY14F P/E.
�?� Helix places USD346m order for semisub well intervention rig. The
latest order from Helix lifted Sembcorp Marine (SMM)�??s YTD order wins
to SGD3.93bn. We estimate its net orderbook at SGD14.8bn, with
deliveries extending up to 2019. This is the second well intervention rig
Helix is ordering from SMM. The DP3 semi-submersible (semisub), to be
named Q7000, is based on a design jointly developed by SMM and
Helix. It is scheduled for delivery in mid-2016.
We revise Sembcorp Industries�?? (SCI) TP to SGD5.90 from SGD5.85, on
a higher TP for SMM, but incorporate a 10% holding company discount
on its shares, same as with Keppel Corp (KEP). Maintain BUY, as we
like: i) the solid earnings from its utilities business, and ii) the upside
from potential M& A in the utilities space. At our TP, the stock is valued
at a 12.4x FY14F P/E.
�?� New capacity in the pipeline. SCI is expanding its utilities business,
with several major projects in the pipeline, including: i) a 400MW
cogeneration plant on Jurong Island that will be ready in mid-2014, ii)
multi-utilities facilities scheduled to be ready in 4Q13, iii) a 49% stake in
a 1,320MW power plant in India to be commissioned in 2H14, and iv) a
USD200m expansion of a desalination plant in Fujairah (in the United
Arab Emirates) that is expected to be completed in 1H15.
�?�
when the omph come usually we are too late ...
8bliz8 ( Date: 18-Sep-2013 21:25) Posted:
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Baltic Dry Index (BDI) +82 at 1822 now.
Cosco Bulk Carriers are making decent profit now. Shipyards with order book 3rd Quarter +USD1.2+Billion to about USD8.0 Billion now.
Cosco Ship Steaming.
Fed play the curtain currency usher storm fear
soucre :Sina Finance 2013年 09月 18日
Abstract: The highly anticipated Fed's monetary policy decisions will be released Thursday morning Beijing time, investors in the foreign exchange market may lead to " reign of terror" in heavy trading cautiously before the event. Whether the Fed will be made at this meeting on the scale of debt reduction options, if it is decided to reduce the size of the debt purchase, how will, in addition, Bernanke will suppress the outside of the Federal Reserve to raise interest rates earlier expectations, answers to these questions will announced soon and give a significant impact currency markets.
FX168 The U.S. local time on Wednesday (September 18) Later the Fed (FED) will end the highly anticipated meeting on interest rates, the market is expected to announce a slight reduction of perhaps $ 85 billion a month of purchase debt scale.
The current problem is that the reduction of quantitative easing (QE) and the way how the scale. Mainstream market expectations the Federal Reserve will reduce the share of U.S. $ 10-15 billion debt scale, most of which is used to reduce debt purchase, a small part for mortgage-backed securities (MBS) purchase.
Some analysts pointed out that the QE policy will reduce the dollar positive, but investors should not assume that the U.S. dollar after the Fed issued a statement will automatically rise, strategically speaking, the Fed is most likely to seek to depress the waves, want to limit the rise in bond yields, the stock market fell and the dollar rose.
Since September 6 release of disappointing U.S. employment report, the market potential for the Fed cuts is expected to have reduced. The dollar index Sanya weeks early waited at four weeks lows, technical analyst pointed out that if the dollar index fell below the August 20th low of 80.75, then the test will open around June low of 80.50 on the road.
Overall, as investors reluctant Fed policy meeting to create a new position before the results were out, watching the market thicker atmosphere.
U.S. Federal Open Market Committee will announce interest rate decision 02:00 GMT Thursday and issued a policy statement, followed by 02:30 Fed Chairman Ben Bernanke (Ben Bernanke) will preside media Jane. FX168 interest Night, broadcast live.
What the Fed will cut the monthly purchase debt scale how much?
Monthly market expectations the Federal Reserve will purchase $ 10 billion reduction in the scale of debt, and promised to keep interest rates near zero at least until the unemployment rate fell to 6.5% or less. Some analysts believe that the Fed may lower the threshold to 6.0%.
Traders said the market may be considered to reduce the delay moderate stance, or prompted investors to sell dollars. Conversely, if the reduction in the intensity exceeded expectations, may be regarded as a tough stance, boosting demand for dollars.
BNP Paribas (BNP Paribas) strategists said that their basic assumption is that the Fed will not announce the reduction of stimulus measures, but may do so later this year.
Strategists said in a report: " If they do choose to purchase debt reduction announced, we expect cuts are $ 10 billion, and will not be particularly emphasized June press conference was mentioned in the end mid-2014 purchase of debt."
The following is the current resolution of the investment bank, the Federal Reserve is expected to:
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Agency |
View |
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Goldman Sachs |
Expected to reduce the size of the debt purchase 100 million U.S. dollars, may all be for the U.S. Treasury to reduce the maximum amount may reach 150 one hundred million U.S. dollars |
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Credit Suisse |
Expected to reduce 200 billion in assets purchased, MBS and Treasuries of similar size reduction |
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UBS |
Is expected to reduce the scale of 100-150 billion dollars, most of U.S. Treasury bonds, on MBS less impact |
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Deutsche Bank |
Estimated MBS cut 50 billion dollars, debt reduction of 100 billion U.S. dollars, a total of 150 one hundred million U.S. dollars |
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BofA Merrill Lynch |
Expected to defer QE3 reduced to 12 months |
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Morgan Stanley |
Expected to cut 100-150 billion in asset purchases amount, in the next nine months, the amount of time will be reduced to zero net purchases |
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BNP Paribas |
9 months is not expected to reduce the stimulus measures announced, if it is the choice announced purchase of debt reduction is expected reductions are 100 one hundred million U.S. dollars |
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Citigroup |
Expected to downsize in 100 million to $ 150 one hundred million U.S. dollars |
BK AssetManagement Kathy Lien, chief currency strategist, said recently that if the later days of the end of the Fed's monetary policy to reduce the monthly regular meeting announced purchase debt scale, then they will also be trying to calm down after the declaration related decisions impact on the market .
Lien in the media, writes: " to stabilize the financial markets is an important task for the central bank, Ben Bernanke team is very clear that if no reasonable guide market expectations, then there will be fluctuations in the financial markets, and thus threaten the economic recovery in FOMC meeting before the end of 24 hours, the U.S. 10-year yields at about 2.85%, 3% of the level of borrowing costs is not end of the world, but the Fed still want to be able to slow yield rose to that level, rather than a sudden rise in the way Thus, if the Fed as we expected to make a decision to reduce debt purchase and expect weakening market response, then they need to purchase debt coming out of the process to make a clear communication that exit is not equivalent to tighten, if the economic situation were to deteriorate, then the Fed Or will resume bond purchases. "
The article points out, the withdrawal of quantitative easing positive factor for the dollar, but investors can be difficult to determine whether the dollar rose after the session automatically. From a strategic perspective, the Fed will probably weaken the policy impact on the market, hoping bond yields modest rally, while the stock market will not fall. The Fed is expected to guide rational methods are: 1) the reduction of the amount of debt purchase amount can be reduced to 50-100 million, rather than the market expected U.S. $ 15-20 billion 2) reduction in the amount of U.S. debt purchases, but maintain the mortgage-backed securities ( MBS) purchases to support the U.S. housing market 3) lower GDP and inflation expectations (when the 2016 U.S. economic forecast report will be released) 4) by expressing " Exit does not mean crunch" was intended to consolidate the policy of forward-looking guidance 5) undertake economic downturn will regain purchase debt action
Lien said: " Considering the exit action may constitute a long-term impact on U.S. bond yields, we think the Fed will do everything possible to avoid market ups and downs. Weakening 'opt out' decision may lead to a weaker dollar, which is welcomed by the Fed be able to play a role in supporting economic growth situation. Another situation is less likely to occur, the Fed exit delay action until December purchase of debt, if the Fed to do, what I think the dollar will soon be massive sell-off. "
Prospects guidelines also crucial for the U.S. dollar
Analysts pointed out that investors will focus more on the Fed's monetary policy decisions, in addition to reducing the scale of the debt purchase, investors will also focus on Fed interest rate guidelines for the future.
At this meeting, the Fed will announce to the United States in 2016 on the prospects for economic growth, unemployment and inflation initially expected, equally important is the Fed's short-term interest rate target. And the market is close to the Fed's interest rate guidelines for 2016, this is the first time the Fed made this prediction. The Fed was likely to indicate beginning in 2015 raised the benchmark federal funds rate.
Mizuho Securities (Mizuho Securities) senior market analyst Sho Aoyama said: " In addition to reducing the size of stimulus, the more important this time the Fed's interest rate forecast for 2016, which will allow the market to understand the pace of future rate hikes. "
Analysts said the rate hike expectations is key, because it will affect the short-term U.S. Treasury yields, as well as the attractiveness of dollar income. If the fast pace of rate hikes, will keep the dollar more attractive, because the European Central Bank (ECB) and the Bank of Japan (BOJ), and many other central banks to tighten policy is still very far away from.
Citigroup Inc. (Citigroup), emerging markets strategist Dirk Willer, managing director, said: " The current market share on Wednesday to reduce the scale of debt is estimated at a very modest $ 10 billion, with the wording on inflation is very gentle and proactive guidance, which will cause some short-term risk. "
Citigroup Global Head of International Economics Nathan Sheets are expected to downsize in the $ 10 billion to $ 15 billion between, he expects the Fed will shift from policy action to promote forward-looking guidance.
Sheets said: " dovish Bernanke comments will be published and I think he said the Fed would buy bonds will slow down the speed, but he also shows that this is not a one-way street, that is, if the economic slowdown, they also increase purchase of debt. "
Given former U.S. Treasury Secretary Lawrence Summers (Larry Summers) announced its withdrawal from the Fed chairmanship race, traders bet the Fed will present a much longer period to maintain an accommodative monetary policy.
Summers decided to quit, so the Fed Vice Chairman Janet Yellen (Janet Yellen) most promising win. Investors believe Summers relatively tough, analysts said that if Timingyelun Bernanke took over as Fed chairman, then the Fed may continue to slowly tighten policy prudent. Bernanke's second term expires in January next year.
According to CME Group's Fed Watch, traders now believe that in December 2014 for the first time 55% chance to raise interest rates, in January 2015 the probability is 68%. The agency based on the Chicago Board of Trade (CBOT) trading in federal funds futures prices to generate these probabilities. The dealer had on Friday that the Fed in October 2014 a greater chance of the first hike.
Fed watchers, has a " Fed News Service," said Jon Hilsenrath recently said that the Fed is difficult to judge whether the subsequent monetary policy should still be included in the forward-looking guidance to maintain the economic recovery road policy strategy content.
JonHilsenrath pointed out in his article this week's meeting, how to interpret the interest rate policy in the plan, the Fed officials are facing some communication challenges. According to Hilsenrath say, this challenge is that the Fed forecast the economy is back to health in the process at the same time, you should plan how to determine the low interest rate policy.
ForexLive Adam Buttom Fed watchers said recently, " The Fed's problem is that if you want to forward-looking guidance is valid, reliable and effective premise is to guide the content and if the Fed is now looking to change policy guidance content, then it means that this guidance at any time to change. "
Adam Buttom added, " If the Fed will raise interest rates this month, the threshold is raised to not less than 2.5% inflation rate and the unemployment rate back below 7%, then to the next meeting they can also lower the threshold for market, the Fed's credibility will thus frustrated, and forward-looking guidance will fail. "
samson ( Date: 18-Sep-2013 11:14) Posted:
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BDI指 数 回 升 贸 易 形 势 改 善 ,船 厂 蜂 拥 造 海 工 船 ,
BDI近 一 个 月 涨 超 60% 不 代 表 ?咸 鱼 翻 生 ?
(this infor broker will no tell you)
Special orders scheduled to ship next year
Source: Guangzhou Daily 2013-09-18 10:59:54
In recent days, the shipping industry an important economic indicators BDI Baltic Dry Index continued to soar since the beginning of this year, or over 130%, the shipping industry to pick up a certain extent, indicates that signs of economic rebound, the BDI rose also lead to " see the shipping industry bottom " sound. However, some experts pointed out that the BDI Overall, only stage rise, enterprises also remain cautious. On the other hand, ships, port industry also did not show significant signs of recovery, there are shipyards said that now the shipbuilding industry have been busy, " transformation" , shipyards are manufactured offshore boats swarmed the next 3 to 5 years is the industry washing licensing phase.
Shipping industry: BDI rose over 60% for nearly a month does not mean that " revived"
Since September BDI index has surged 43.63 percent, nearly a month or up to 62.46%. BDI index rose, the industry generally concerned about whether this ushered in the shipping industry inflection point. But brokers noted that in the past six years, every freight rebound, there will be " shipping stocks bottomed out" point of view, but the freight index and stock prices as a deflated ball, despite a number of record breaking rally but ultimately lows.
A shipping company insiders, ever rising tariffs, some previously archived transportation tariffs will accelerate into the market to suppress short-term index trend does not explain what the current overhang of excess capacity in the market, the key will have to see the demand for the fourth quarter. " Now the most important thing is to ensure profitable shipping companies, and is the continuous development, so take are flexible business strategy, cost control stripping loss assets."
In this regard, the shipping expert Chen Yi said that this year the domestic steel prices continue to rise, " golden nine silver ten" is the domestic steel market, the traditional replenishment time, the timing of this year rose earlier, the situation is more rapid, but overall just phased increases.
In fact, BDI index speculation overseas funds have gradually become profitable way, Haitong Securities analyst BDI gold incense that short term financial attributes may have been beyond its maritime property, BDI Baltic miners rally also benefited from long-term transport Price FFA on profits. Zheng Wu Guoxin Securities analyst, said: " We have not been raised in recent years any shipping stocks rating, obviously this is not the typical style of the seller." For investors, often wait until tariffs rose only cause for concern, but because of lack of valuation benchmark, buying and selling of the time difficult to grasp.
Guoxin Securities Statistics data show that the tariffs from the past decade shows that 90% capacity utilization is the shipping sector performance and stock price elasticity threshold. The dry bulk shipping market vessel capacity utilization rate is only about 83% capacity utilization ship oil transport market is only about 82%, Cargo carriage market in Europe and America routes annual average rate of only about 85%.
Shipping industry: orders although warmer but concentrated in large enterprises
Yesterday, the reporter interviewed a number of shipbuilding business people, the industry is expected to pick up still too early to talk about now, and now the industry is still very cautious, enterprises are in rush orders grab food to eat, some small private shipyards due to financial, orders and other issues on the verge collapse. A large shipyard, told reporters that the shipping industry is expected to return to normal levels in 2015, while the shipbuilding industry will be more later.
Guangdong, a major shipyard said that recently some foreign customers to negotiate orders , but mainly concentrated in special vessels ship, the construction of the company's current booked next year, but most are marine vessels. " At present, very few orders dry bulk carriers, shipping companies have excess capacity can not easily make a lot of orders, we currently have twenty-three dry bulk carriers, do not do after delivery."
Some analysts pointed out that the dry bulk orders less, partly because of excess capacity in the market, dry bulk carriers constructed low threshold, some domestic shipyard is the high energy consumption, high operating costs of dry bulk carriers.
Data show that the new access orders will continue to maintain upward trend this year, a substantial increase in the ship owner clients in the context of a ~ August new orders accumulated 72.73 million DWT, an increase of 89%. SW analysis pointed out that the gradual decline in the delivery of new vessels and the slow recovery in demand will drive the ship utilization improved, thus boosting freight index and new orders to maintain upward trend.
The person said, although the industry's orders began to pick up, but the shipping price is still low, orders are concentrated to the industry's leading enterprises, small and medium shipyards is still very difficult, some of the leading enterprises rely on subsidies to the shipbuilding industry and other fixed-order business.
Shipyard build offshore boats swarming
Currently, shipbuilding enterprises also have a dry bulk vessel from the traditional to high-value-added specialty boat market. Yesterday, COSCO's a company official said, is now restructuring the shipbuilding industry, whether private or state-owned shipyards are manufactured offshore vessels swarmed ship, industry capacity in the future may face overcapacity situation. While the global offshore oil and gas development offshore engineering equipment continued to be active so that steady growth in demand in the first half, the global marine equipment orders totaled $ 33 billion, representing an increase of 22.2% over the same period last year. This year, Chinese enterprises new contracts amounted to $ 8 billion, second only to South Korea's $ 14 billion enterprise.
Data show that from January to July of domestic shipbuilding industry enterprises above designated size export delivery value of 163.4 billion yuan to complete, down 10.2%. But in other sub-sectors have declined delivery value of the occasion, marine equipment manufacturing industry is " thriving" , from January to July rose 43.8%.
A broker pointed out that, subject to the delivery orders ship price reduction and the reduction of the shipyard next 2 to 3 years is still in the bottom of the range, which rises in restricted stock. A new round of marine support measures will effectively control the production capacity, increase recycling and order to focus on the core shipyard.
Port industry: Throughput up by 10.7%
Second half of the traditional " transport season" on port production has played a certain role in boosting. Ministry of Communications recently released data show that from January to August of above-scale port cargo throughput increased by 10.7% compared to last year, foreign trade cargo throughput increased by 9.8 percent this year, total container throughput up 8.2 percent from the last few months the situation , port throughput growth and stability.
Analysis: BDI index rebounded trade situation improved
It is understood that multi-port cargo throughput hit a new high last month, has pointed out that the port staff, from the port of arrival and records can be seen, in August, a total of 134 ships and mega ship out of Lianyungang Port, which is the second this year in January Lianyungang Port large ships entering and leaving Hong Kong 132 trips after the latest record. In addition, the company's revenue growth was essentially listed port throughput growth and consistent. But the situation first-half results, ports corporate profits stabilize, no increase in interest income situation under control.
But Shanghai international shipping center analysis also pointed out that in the second quarter when the global port steady trend still continues, but the range is limited, not as the expected level, due to the current weak economic environment is not yet undergone any substantial changes in the global port industry or the road to recovery become more lengthy.
It is understood, BDI index in addition to the primary commodity market price movements of the vane, to some extent, also the world's leading economic indicator. Since the end of June, BDI index slow recovery from the side also shows the international trade situation in the continuous improvement of the recovery in commodity prices also rose.
Since August, the economic data have been released, more and more signals of economic recovery, including the U.S. economic recovery, the European Economic obvious signs of bottoming out, Chinese economic data. BDI continued to soar since September 1600 break point, which also makes the market more optimistic about the future economic situation.
It is worth noting that the BDI rose persistent difficult to judge, but in the 2000 index is still below the breakeven point, on the other hand, the traditional peak season affect transportation, port throughput in 1 to August to maintain a rapid growth, But the situation is still untold container port development improved.